B2Gold Corp. Fundamental Analysis (AMEX: BTG)
B2Gold Corp. (AMEX: BTG) shows strong financial fundamentals with a PE ratio of 8.37, profit margin of 21.17%, and ROE of 21.81%. The company generates $3.8B in annual revenue with strong year-over-year growth of 63.76%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 81.9/100 based on profitability, valuation, growth, and balance sheet metrics. The B+ grade reflects solid fundamentals with room for improvement in valuation or growth.
Fundamental Health Score
We analyze BTG's fundamental strength across five key dimensions:
Efficiency Score
ExcellentBTG demonstrates superior asset utilization.
Valuation Score
ExcellentBTG trades at attractive valuation levels.
Growth Score
ModerateBTG shows steady but slowing expansion.
Financial Health Score
ExcellentBTG maintains a strong and stable balance sheet.
Profitability Score
ExcellentBTG achieves industry-leading margins.
Key Financial Metrics
Is BTG Expensive or Cheap?
P/E Ratio
BTG trades at 8.37 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, BTG's PEG of 0.01 indicates potential undervaluation.
Price to Book
The market values B2Gold Corp. at 1.70 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 3.47 times EBITDA. This is generally considered low.
How Well Does BTG Make Money?
Net Profit Margin
For every $100 in sales, B2Gold Corp. keeps $21.17 as profit after all expenses.
Operating Margin
Core operations generate 46.07 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $21.81 in profit for every $100 of shareholder equity.
ROA
B2Gold Corp. generates $13.82 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
B2Gold Corp. produces operating cash flow of $898.29M, showing steady but balanced cash generation.
Free Cash Flow
B2Gold Corp. produces free cash flow of $169.61M, offering steady but limited capital for shareholder returns and expansion.
FCF Per Share
Each share generates $0.13 in free cash annually.
FCF Yield
BTG converts 2.51% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
8.37
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.01
vs 25 benchmark
P/B Ratio
Price to book value ratio
1.70
vs 25 benchmark
P/S Ratio
Price to sales ratio
1.80
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.11
vs 25 benchmark
Current Ratio
Current assets to current liabilities
1.58
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.22
vs 25 benchmark
ROA
Return on assets percentage
0.14
vs 25 benchmark
ROCE
Return on capital employed
0.34
vs 25 benchmark
How BTG Stacks Against Its Sector Peers
| Metric | BTG Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 8.37 | 27.52 | Better (Cheaper) |
| ROE | 21.81% | 1182.00% | Weak |
| Net Margin | 21.17% | 195.00% | Weak |
| Debt/Equity | 0.11 | 0.74 | Strong (Low Leverage) |
| Current Ratio | 1.58 | 3.28 | Neutral |
| ROA | 13.82% | 476796.00% | Weak |
BTG outperforms its industry in 2 out of 6 key metrics, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews B2Gold Corp.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
37.08%
Industry Style: Cyclical, Commodity, Value
High GrowthEPS CAGR
-48.74%
Industry Style: Cyclical, Commodity, Value
DecliningFCF CAGR
-28.70%
Industry Style: Cyclical, Commodity, Value
Declining